Why do we need to understand the concept of trapped traders? What are trapped traders? We want to find trapped traders because trapped traders lose money. If we find them and take advantage of the order flow they create, we can take their money from them. There are two types of trapped traders. We can […]
Many price action traders claim that two-legged pullbacks are the most reliable trade setups. The variant we are reviewing today is from Al Brooks, who wrote three tomes on price action trading. These three books are not an easy read, but are extremely informative for price action traders. In his books, he identified a two-legged […]
Yum-Yum continuation pattern is a delicious trading setup found in the Ultimate Trading Guide by John R. Hill, George Pruitt, and Lundy Hill. If I’m a book analyst, I would issue a “strong buy” for this book for its variety of sound price-based trading ideas. Take a look at Yum-Yum and if you find it yummy, […]
Alton Hill from TradingSim, a day trading simulator, wrote about an enhanced three bar reversal pattern for day trading. According to Alton Hill, three-bar reversals are too common in intraday time-frames. To select the best three-bar reversal patterns for day trading, he wants the third bar in the pattern to close above the highs of […]
Observing price action is the simplest way to trade. Yet, many price action trading setups are not simple at all, requiring interpretation of complex and subjective chart formations. The worst part is that traders often memorize price action trading setups without understanding the concept behind them. In this article, we will introduce a simple and effective […]
Day Trading Trading intra-day is demanding and competitive. You are pitting yourself against the fastest computers and nimblest traders. We have gathered the best resources for you.